DRREDDY NEWS why is Dr. Reddy's Laboratories Limited price falling or rising

DRREDDY NEWS reasons for why stock price of Dr. Reddy's Laboratories Limited is falling or rising

DRREDDY Dr Reddy is falling or rising technical reasons

Technical analysis forecast for Dr Reddy Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Dr Reddy DRREDDY at this time. Stock is falling and might fall more.

It appears as if Dr Reddy DRREDDY gave a large move recently.

Stock of Dr Reddy (DRREDDY) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Dr Reddy is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Dr Reddy stays below 6104.6, but if it comes above 6104.6, then a intra day buy could be more profitable.
If you take a sell trade below 6104.6, then use 6104.6 as stoploss and 6011.6 as target. However if you take a buy trade in Dr Reddy, then use 6104.6 as stoploss and 6182.11 as target.

DRREDDY Dr Reddy is falling or rising NEWS fundamental reasons

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange regarding 'Press Release'. - NEWS as on 2024-04-12

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange about Copy of Newspaper Publication - NEWS as on 2024-04-12

Dr Reddys launches migraine management wearable device Nerivio in Germany Dr. Reddy's Laboratories announced the launch of the drug-free non-invasive migraine management wearable device Nerivio in Germany through its step-down subsidiary betapharm. The launch marks the company's entry into digital therapeutics in Europe. Nerivio - NEWS as on 2024-04-10 business-standard.com

Dr Reddys and Bayer partner to market and distribute second brand of Vericiguat in India Under the terms of this agreement, Bayer has granted non-exclusive rights to Dr. Reddy's under the brand name Gantra. - NEWS as on 2024-04-05 business-standard.com

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - NEWS as on 2024-04-03

Company Announcement - NEWS as on 2024-04-01

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange about Issue of Letter of confirmation in lieu of Duplicate Share certificate - NEWS as on 2024-04-01

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange about Loss of Share Certificates - NEWS as on 2024-03-27

Board Meeting to discuss Financial Results/Dividend To consider and approve the Audited Standalone and Consolidated financial results for quarter and financial year ending on March 31, 2024, and to recommend dividend, if any, for the financial year 2023-24 - NEWS as on 2024-03-22

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange regarding a Press Release on Dr. Reddy's Laboratories launches VersavoŽ (bevacizumab) in the UK . - NEWS as on 2024-03-19

More announcements and NEWS

DRREDDY Dr. Reddy's Laboratories Limited current price & indicator signals

Moving Averages for Dr. Reddy's Laboratories Limited

  • 5Day Average: 6152.7
  • 12Day Average: 6154.6
  • 20Day Average: 6182.46
  • 50Day Average: 6242.94
  • 100Day Average: 5977.73
  • 150Day Average: 5821.92
  • 200Day Average: 5739.56

DRREDDY Indicators & signals

Indicator MACD (12,26,9)

6162.01, 6188.18, -18.35
Indicator MACD is in negative zone

Indicator ADX (14)

9.88, 19.84, 24.19
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DRREDDY Dr. Reddy's Laboratories Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Fri Apr 2024 6083.85 6075.00 to 6189.00 -1.2% 1.31 times
10 Wed Apr 2024 6157.90 6145.00 to 6199.90 -0.16% 0.65 times
09 Tue Apr 2024 6167.90 6155.00 to 6230.20 -0.11% 0.43 times
08 Mon Apr 2024 6174.55 6135.05 to 6226.75 -0.08% 0.94 times
05 Fri Apr 2024 6179.30 6140.00 to 6305.85 0.6% 1.79 times
04 Thu Apr 2024 6142.50 6047.50 to 6175.00 0.3% 1.32 times
03 Wed Apr 2024 6124.40 6112.00 to 6268.00 -1.81% 0.89 times
02 Tue Apr 2024 6237.55 6206.00 to 6268.95 -0.2% 0.79 times
01 Mon Apr 2024 6250.35 6157.90 to 6282.45 1.5% 0.51 times
28 Thu Mar 2024 6157.90 6078.00 to 6209.80 1.88% 1.71 times
27 Wed Mar 2024 6044.10 6034.10 to 6151.00 -1.48% 0.96 times
26 Tue Mar 2024 6134.85 6106.05 to 6211.45 -1.1% 0.9 times

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DRREDDY NEWS why is Dr. Reddy's Laboratories Limited price falling or rising

 

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